Purchase and Sale of Insurance Businesses

Your business can benefit from in-depth legal advice and the management experience of a Fortune 200 company. When you need private counsel from a firm that offers 30 years experience in government regulation, complex litigation, the perspective of a manager in a company with over 50,000 employees, and law practice with a 600-attorney law firm, let us speak with you.
Our Background in Purchase and Sale of Insurance Businesses:
Purchase and Sale of Insurance BusinessesMergers, acquisitions and the decision to enter or to leave certain geographic or product areas can give rise to requirements to obtain prior approvals from an insurer's State of domicile, as well as from other affected jurisdictions. Some States assert that insurance licenses cannot be sold in their jurisdictions, but will describe that the requalification of an existing license may be less time-consuming than an application for a new license. There are many considerations that need to be incorporated into a business plan whenever the purchase or sale of an insurance company or of a block of business is involved. We specialize in developing comprehensive plans early in any of these matters so that a roadmap can be put in place through which to manage time, costs and respective projects tasks.
Similarly, the change of an insurer's name, or of its State of domicile, can involve extensive and time-constrained procedures associated with notifications to domestic as well as foreign States in which an insurer operates within the United States. The failure to make timely filings can result in fines or sanctions. The comprehensive plans that we put in place are found by clients to be especially useful in managing these types of transactions.

Our experience has been gained through practice directly in New York, Connecticut, the District of Columbia, and other key jurisdictions, and as a registered attorney in patent and trademark matters. The hallmark of our operations is to start client matters early in any engagement with a brief summary and roadmap of recommendations that can be further developed according to client preferences. This type of management typically results in fewer billable hours for clients. Additionally, hourly rates can be a half to a third of those billed by senior counsel in law firms in larger metropolitan areas.

Ready to learn more? Contact us now on a no-obligation basis for additional information on our Purchase and Sale of Insurance Businesses practice or on any of our other practice areas.

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Robert J. Galiette Attorney at Law, LLC
mailing address Mailing Address: 3 Teal Lane, Essex, CT 06426-1046
Phone Phone: (860) 227-3656
Fax Fax: (860) 767-0508
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